A security vulnerability impacting the Solana ecosystem has reportedly seen millions in funds drained across a number of Solana-based wallets. At the time of writing, Solana (SOL) is currently trending on Twitter as countless users are either reporting on the hack as it unfolds, or are reporting to have lost funds themselves, warning anyone with Solana-based hot wallets such as…
Textbook publisher Pearson has revealed its plans to use non-fungible tokens (NFTs) to keep track of digital textbook sales and effectively “diminish the secondary market” for its digital textbooks. According to a Bloomberg report on August 1, Pearson CEO Andy Bird wants to assign NFTs to its digital textbooks in order to keep better track of sales and capture revenue…
The New York State Department of Financial Services (DFS) has fined Robinhood Crypto $30 million for “significant failures in the areas of bank secrecy act/anti-money laundering (‘BSA/AML’) obligations and cybersecurity.” Robinhood Crypto Settles With the DFS The New York State Department of Financial Services (DFS) announced Tuesday that Robinhood Crypto LLC (RHC) will pay a $30 million penalty to New…
An unknown attacker has been draining wallets of Solana and USDC, per multiple reports on Twitter, following on the heels of the Nomad Token Bridge hack. “Over 5,000 Solana wallets have been drained in the past few hours,” reported blockchain audit firm OtterSec. “These transactions are being signed by the actual owners, suggesting some sort of private key compromise.” Initial…
Online brokerage Robinhood will lay off nearly a quarter of its employees, citing a continued deterioration of the macro environment and a broad crypto market crash. The bad news came in a blog post on August 2 from cofounder and CEO Vlad Tenev, on the same day it released tepid Q2 financial results, while the New York Department of Financial…
Italian high-end fashion giant Gucci has become the first major brand to accept payments in the Bored Ape Yacht Club affiliated ApeCoin (APE). The move was announced on August 1 and could provide the ApeCoin project with significant mainstream exposure along with bringing further utility to the cryptocurrency. Gucci customers in the United States (U.S.) will now be able to…
Smaller Bitcoin (BTC) investors have found a unique opportunity during the crypto slump to snap up their favorite cryptocurrency. The number of “wholecoiners” has surged by 40,000 since the June slump alone. According to LookIntoBitcoin, the number of BTC “wholecoiners” has been steadily increasing since January 31, when the BTC price was around $38,000. However, Bitcoin’s price fell around 27%…
As with every great meme that has graced this benighted civilization, it began with an elegant and moving story, captured in all its fleeting delicacy by a Forbes “contributor.” The story appeared under the headline, “Tiffany & Co Releases Those CryptoPunk Pendants And They Are Expensive, Here’s All The Intel.” There followed a rollicking article about the co-president of Tiffany…
This is an opinion editorial by Heady Wook, privacy advocate and contributor to Bitcoin Magazine. Introduction In the Bitcoin white paper, Satoshi Nakamoto cited the need for a cash system over the internet without the need for a trusted third-party. A few months later, Nakamoto introduced the Bitcoin network to the world. In block zero (the “genesis block”) of the…
New York Attorney General Letitia James has urged investors in her state who believe they have been deceived by a crypto platform to contact her office. “Investors were promised large returns on cryptocurrencies, but instead lost their hard-earned money,” she stressed. Letitia James Issues Investor Alert on Cryptocurrency New York Attorney General Letitia James issued an investor alert on cryptocurrency…
